African startups O7 Therapy, Tushop, Sticitt get early-stage funding
Egyptian health-tech startup O7 Therapy has raised a $2.1 million seed round led by Hikma Ventures, with the participation of C-Ventures, Lotus Ventures and some angel investors.
O7 Therapy is a technology-enabled therapeutic platform, with a network of bilingual psychiatrists and psychotherapists to support clients through mental health challenges. It was founded in 2019 by Ashraf Bacheet, Ashraf Adel, and Nader Iskander.
The funding will support the platform’s growth across the Middle East and help it launch new product features and developments while also expanding its client base.
Kenyan social commerce startup Tushop has snagged $3 million in a pre-seed funding round led by 4DX Ventures with participation from JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures, Golden Palm Investments, FirstCheck Africa, and DFS Lab.
Kenyan retail-tech startup Wasoko (formerly Sokowatch) also pitched in the oversubscribed round. The round included additional participation from a number of angel investors including Olugbenga “GB” Agboola (Flutterwave), Raja Kaul (Sundial), Eli Pollak (Apollo Agriculture) and Ida Mannoh (Chipper Cash).
Founded and led by Cathy Chepkemboi, Tushop works with community leaders to collate orders in a group buying mode and manages deliveries.
South African fintech Sticitt has raised an undisclosed amount in what it described as an oversubscribed round of seed funding led by Nustate Capital Ventures.
The funding round was oversubscribed 50% and also saw participation from Grindstone Ventures, Hlayisani Capital, Realm Digital and GalloProvincialis.
Co-founded four years ago by Theo Kitshoff, Mitch Dart and Dennis Wevel, Sticitt seeks to simplify payments within the South African education market. It had previously raised $250,000 two years ago.